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the economic growth because it relies too much on taxation while failing to reign in the expansion of government. that would seem to back up a republican theme in the fiscal cliff argument. >> if we raise taxes on the top two rate, a million small businesses who employ 25% of the work force it will cost us over 700,000 jobs and reduce economic growth, lower take home pay and those things. that is a bad scenario. >> the league negotiator on the republican side of the table facing mr. obama says raiding taxes on upper -- raising taxes on upper income americans is not going to fix the problem that the country is facing. >> even the president got the tax rate hike he wanted understand we would continue to see trillion dollar deficits for as far as the eye can see. listen, washington has got a spending problem, not a re-knew problem. >> for many top democrats it's all about taxes and not spending cuts in averting the fiscal cliff. >> the facts are at that point the 39.6% does produce the revenue. the differentiation between 39.6% and the 28% at that the president has for limitation on deduction creat
the economic growth because it relies too much on taxation while failing to reign in the expansion of government. that would seem to back up a republican theme in the fiscal cliff argument. >> if we raise taxes on the top two rate, a million small businesses who employ 25% of the work force it will cost us over 700,000 jobs and reduce economic growth, lower take home pay and those things. that is a bad scenario. >> the league negotiator on the republican side of the table facing mr....
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Dec 2, 2012
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they're against taxes because they think it fuels government and they're against government. they're against compromise -- they're particularly compromised with this particular president for a whole host of reasons. we have the same dynamic. we had back in 2011 when john boehner, i think, left to his own devices would cut a deal with the president in five minutes. >> let's stop for a second. i think they're darn serious. who knows what the world's going to react to this. we don't know. we don't know. forget the market. the world economy doesn't know. my question is this. would the republican party like to go over the cliff hanging onto that 2% rich people and say that's why they did it? can they live with themselves if they do it? >> they have -- in some ways the politics for boehner becomes easier. i don't like to call it a cliff. after they go down the slope. >> why? >> because if nothing happens between now and the oerchd the year, all the tax cuts, puff, they disappear. you come back the first week in january and you pass a bill and then the tee partiers, boehner can make
they're against taxes because they think it fuels government and they're against government. they're against compromise -- they're particularly compromised with this particular president for a whole host of reasons. we have the same dynamic. we had back in 2011 when john boehner, i think, left to his own devices would cut a deal with the president in five minutes. >> let's stop for a second. i think they're darn serious. who knows what the world's going to react to this. we don't know. we...
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Dec 5, 2012
12/12
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and smaller government. we will not do it by refusing to pay for the government we have, thinking the economy in the process. that would be a good start, as a backdrop. i want to touch on your question about corporate and individual taxes. the third piece is small businesses. we work out how to develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through messages with different groups of people is, while everybody is aware that the solution is going to take sacrifices from all sides, on spending, on revenues -- the confidence you get for putting the deal in place actually has tremendous economic benefits. the cheapest form of stimulus is confidence. if we can put that in place, and people believe something is going to stick, it becomes easier to do your part in all of this. if the moving pieces and revenue are there, do not underestimate the benefit of what the future holds. >> this ties into michael's point. the produc
and smaller government. we will not do it by refusing to pay for the government we have, thinking the economy in the process. that would be a good start, as a backdrop. i want to touch on your question about corporate and individual taxes. the third piece is small businesses. we work out how to develop a tax code that is good for competitiveness. you need to think about how those play into it. i think one of the things to keep hearing through messages with different groups of people is, while...
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Dec 1, 2012
12/12
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they are against taxes because they think it fuels government, and they're against government. they're against compromise, particularly against compromise with this particular president for a whole host of reasons. and we have the same dynamic we had back in 2011 when john boehner i think left to his own devices would cut a deal within five minutes with the president -- >> let's talk about -- we disagree about the importance of the cliff. i think it's damn serious business because who knows what the world is going to react -- >> the market is not going to like it. >> we don't know. forget the market. the world economy -- my question is would the republican party like to go over the cliff hanging onto that 2% of rich people and say that's why they did it? can they live with themselves if they do that? >> in some ways the politics for boehner becomes easier, i don't like calling it a cliff, after you go down the slope or whatever you want to call it. >> why? >> because if nothing happens between now and the end of the year, all the tax cuts, poof, they disappear. you come back th
they are against taxes because they think it fuels government, and they're against government. they're against compromise, particularly against compromise with this particular president for a whole host of reasons. and we have the same dynamic we had back in 2011 when john boehner i think left to his own devices would cut a deal within five minutes with the president -- >> let's talk about -- we disagree about the importance of the cliff. i think it's damn serious business because who...
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Dec 7, 2012
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but the new french government promised that its tax the rich policies would help the economy. why are we in the usa imitating failure? did you know that california and new york and hawaii are also poised to hit their richest people with a greater than 50% tax rate? isn't that great? emulate france. here now is jim pethokoukis of the american enterprise institute. jim, i thought we wanted to emulate success, not furl. >> i thought so, too. listen, the president wants to run an experiment and see how high we can crank up tax rates in this country without it hurting economic growth. they're already running it in europe, in france, in great britain. the entire european experiment here has been one of tax hike austerity. even though they focus on the spending cuts, you're talking about a high tax area raising taxes even higher. we're trying to to do the same thing here. >> least the brits have the humility to acknowledge their mistake. they took the rate from 40% 050%. millionaires left the island. now they're coming back and dropping it to 45%. at least the brits have some humilit
but the new french government promised that its tax the rich policies would help the economy. why are we in the usa imitating failure? did you know that california and new york and hawaii are also poised to hit their richest people with a greater than 50% tax rate? isn't that great? emulate france. here now is jim pethokoukis of the american enterprise institute. jim, i thought we wanted to emulate success, not furl. >> i thought so, too. listen, the president wants to run an experiment...
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Dec 6, 2012
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direction, and government dependency is hurting the black community. that seems to be your message, am i right there? >> that's the message, and we have a 50-year opportunity to see what's happened to that. my dad's generation would be ashamed to see what's happened to the men of our race. we have black middle class, we should be the people that pull the others out and we're standing by being silent. the whole idea, the fact that what liberalism does to a race, it actually -- it makes people and particularly men wimpy and winy. i think it's time for us to stand up and be strong about what we need to get done. be courageous and have a vision the way previous generations did and stand up for children particularly. >> i have to leave it there. many thanks, the outspoken burgess owens. that's it for this evening's show. thanks for watching. free market capitalism is the best path to prosperity for everybody, for all people in need of opportunity. i'm larry kudlow. we'll see you tomorrow night. [ male announcer ] where do you turn for legal matters? at lega
direction, and government dependency is hurting the black community. that seems to be your message, am i right there? >> that's the message, and we have a 50-year opportunity to see what's happened to that. my dad's generation would be ashamed to see what's happened to the men of our race. we have black middle class, we should be the people that pull the others out and we're standing by being silent. the whole idea, the fact that what liberalism does to a race, it actually -- it makes...
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Dec 6, 2012
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i think divided government is very difficult. and there's some principles that speaker boehner is fighting for, with which i actually agree. but i think politically, the risk here for the gop, is they've become the party of rich people. and they give up the middle-class to the democrats. and i think you saw some of that in the presidential election. i don't think that's their intent. i think their tax reform intent is quite sound. but the way this is playing out, i think that's a big risk for them. >> they're becoming the party of rich, white, older men, is what it seems to me. you can't think of any other section of american community that right now is thinking the republican party's for me. this isn't be a good place for them to find themselves. >> i think that's why the politics of this are, you know, make it quite possible to go over the cliff. i think the democrats see precisely that. if we go over the cliff, the republicans get blamed. so, there is not exactly an incentive to go over. i think the republicans, what they worr
i think divided government is very difficult. and there's some principles that speaker boehner is fighting for, with which i actually agree. but i think politically, the risk here for the gop, is they've become the party of rich people. and they give up the middle-class to the democrats. and i think you saw some of that in the presidential election. i don't think that's their intent. i think their tax reform intent is quite sound. but the way this is playing out, i think that's a big risk for...
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Dec 4, 2012
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. $600 billion in cuts in entitlement and $250 billion in changes in way the government changes inflation that would impact social security. let me bring in the national journal from the editor. good morning. i want to talk to you about this republican proposal saying republicans in congress want to get serious about asking the wealthiest to pay slightly higher tax rates. we won't be able to achieve a significant balanced approach to the deficit. it does have some revenue in it, even though it's not from tax increases. so what does this opening offer say about where we are in these negotiations? >> well, it seems very difficult to imagine that we're going to be getting to a deal that will handle everything that needs to be addressed before the end of the year. i think the first main thing that needs to be addressed is the question of the tax cuts expiring. and for the obama administration, the question is, is it in their interest to trade tax cuts for the wealthy? increase for the wealthy for raising the age for eligibility for medicare, for example. i'm not sure that that's a trade that
. $600 billion in cuts in entitlement and $250 billion in changes in way the government changes inflation that would impact social security. let me bring in the national journal from the editor. good morning. i want to talk to you about this republican proposal saying republicans in congress want to get serious about asking the wealthiest to pay slightly higher tax rates. we won't be able to achieve a significant balanced approach to the deficit. it does have some revenue in it, even though...
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Nov 30, 2012
11/12
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they've gotten an increase every year from the government. the government came out this year and said no way buddy. it's flat. if you want a price increase to apply to us it's not going to happen. >> deutsche bank took them from a buy down to a hold. you've got the pending l.e.d. expirations coming in. but i think the street knows that already. i think what you focus on here is gross margin expansion. two consecutive quarters. that's good. >> doc, what do you see behind family dollar today? >> well, i saw two great calls about a month and a half ago. citi and deutsche both made just pounding the table buy this stock calls back in october. now look at it. the stock is up better than $12 i think over that same time. so continues to out perform here like the stock. if we go off the cliff this is one of the names sadly that benefits from that kind of turmo turmoil. >> we give a big pop today for caviar. something fishy going on in california's malls. chain of caviar vending machines has sprung up in three l.a. shopping centers. the owner of the m
they've gotten an increase every year from the government. the government came out this year and said no way buddy. it's flat. if you want a price increase to apply to us it's not going to happen. >> deutsche bank took them from a buy down to a hold. you've got the pending l.e.d. expirations coming in. but i think the street knows that already. i think what you focus on here is gross margin expansion. two consecutive quarters. that's good. >> doc, what do you see behind family...
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the base of their base that's dependent to a great extent economically on government policy and government programs. the eighth republican in a row to say oh, he lost, and he's giving stuff away, who is the base of their bases you know what i'm talking. man, when are you going to stop crying? you lost. get over it. do something else with your life. roger simon wrote a great article in making fun of them. the new republican ideas well, obviously he couldn't win. you can't beat a black guy. he said, quote their idea is it is not fair. romney was cursed with white skin, and rich and powerful father. the best education money could buy, and numerous cars, houses, boats, and offshore bank accounts. life can be so cruel. i loved the way that he mocked him. meanwhile what is john boehner up to? other than fighting the president on the grand bargain and the so-called fiscal cliff, he said if you do filibuster reform, and you actually can get legislation passed through the senate well, we would hate that because we love gridlock in washington as the republicans right? so he said, if the senate refor
the base of their base that's dependent to a great extent economically on government policy and government programs. the eighth republican in a row to say oh, he lost, and he's giving stuff away, who is the base of their bases you know what i'm talking. man, when are you going to stop crying? you lost. get over it. do something else with your life. roger simon wrote a great article in making fun of them. the new republican ideas well, obviously he couldn't win. you can't beat a black guy. he...
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at the core this is about asking americans to pay more americans to the federal government. this is just -- it's -- bill clinton called it kabuki theater. it's a way for republicans not to be ashamed and walk back the ideological core they've run on for the past few years. >> if president obama is able to come out and say i'm going to support getting rid of tax ducks for charitable organizations, hospitals, universities, religious organizations, i want to get rid of that tax deduction f he puts his finger -- his hand anywhere near that decision, he's going to be a loony toon every hospital, church, philanthropic in the united states, from the rockefeller down to the littlest catholic charity will fight that. they need those tax cuts to survive. it's a loony toon idea. i'm sorry. a little joke there. let me ask you this. let's take a look at president's last comment of the day. this is his response to gop's what i consider a face-saving proposal. here's the president. >> if congress in any way suggests they're going to tie votes to debt ceiling votes and take us to the brink
at the core this is about asking americans to pay more americans to the federal government. this is just -- it's -- bill clinton called it kabuki theater. it's a way for republicans not to be ashamed and walk back the ideological core they've run on for the past few years. >> if president obama is able to come out and say i'm going to support getting rid of tax ducks for charitable organizations, hospitals, universities, religious organizations, i want to get rid of that tax deduction f...
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Dec 5, 2012
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the founding fathers wrote the second amendment in part because they were fearful of having government completely disarm the citizenry. they also had gun control laws. they didn't view the second amendment as a libertarian license for anyone to have any gun anywhere they wanted. >> there were gun control laws way back when, when our founding fathers were drafting these words. what kind of gun limitations were there back then and from the existence of those laws, even if you were an originalist to kind of try to understand and unwrap and figure out what the original drafters meant what could you then discern about the capacity to pass current gun control laws. one thing we know is that the founding fathers regulated guns and who could own them when they thought it was necessary for public safety. the kind of things they thought was necessary we don't grow with anymore. they thought blacks shouldn't have guns and had disdiscriminatory gun laws. the founding fathers barred loyalists, people who refused to swear a loyalty to the revolution to own guns. we are talking about people exercisin
the founding fathers wrote the second amendment in part because they were fearful of having government completely disarm the citizenry. they also had gun control laws. they didn't view the second amendment as a libertarian license for anyone to have any gun anywhere they wanted. >> there were gun control laws way back when, when our founding fathers were drafting these words. what kind of gun limitations were there back then and from the existence of those laws, even if you were an...
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Nov 29, 2012
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the city government? and does it really go for good education purposes, as they say? and is there any bureaucratic skimming off the top? the winner loves this game, always does, but how about the rest of you? please think about it. there may be better ways to invest your money. >> moving right along, did the president really resolve key questions on tax rates and spending and entitlements at his campaign rally today? i never heard the word spending? so how close to a deal are we really? i'd like to be optimistic but i'll warn you, caveat emtore. we'll get into that next. [ female announcer ] if you care for someone with mild to moderate alzheimer's, you'll also care about our new offer. you get access to nurses who can help with your questions. and your loved one can get exelon patch free for 30 days. if the doctor feels it's right for them. it cannot change how the disease progresses. hospitalization and rarely death have been reported in patients who wore more than one patch at a time. the most common s
the city government? and does it really go for good education purposes, as they say? and is there any bureaucratic skimming off the top? the winner loves this game, always does, but how about the rest of you? please think about it. there may be better ways to invest your money. >> moving right along, did the president really resolve key questions on tax rates and spending and entitlements at his campaign rally today? i never heard the word spending? so how close to a deal are we really?...
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Dec 7, 2012
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the vat tax wouldn't hold government to a tighter belt. guest: if you eliminate all deductions, a lot people would not necessarily have to see their taxes go up if you also lower tax rates and you can make a simpler tax code. a lot people are in favor of that. on the other hand, a lot of people think that it is good to encourage home ownership. it is good to make sure that employers are providing health insurance and that is not being taxed, and if people are paying their state and local taxes, we should give them a break and not tax that. they're definitely reasons and rationales behind the biggest tax breaks. host: laura tweeted in, raise everyone's rates a little rather than some a lot. next call, carl from kansas, line for independents. caller: i think we need to quit worrying about the taxes and go for welfare reform. i know a lady here in kansas who has three kids. all her food, doctor bills, prescriptions -- she doesn't pay any taxes. how does she get money back? guest: if you are not working, you're not going to be paying payroll t
the vat tax wouldn't hold government to a tighter belt. guest: if you eliminate all deductions, a lot people would not necessarily have to see their taxes go up if you also lower tax rates and you can make a simpler tax code. a lot people are in favor of that. on the other hand, a lot of people think that it is good to encourage home ownership. it is good to make sure that employers are providing health insurance and that is not being taxed, and if people are paying their state and local taxes,...
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what kind of government do we have? the idea you can allow that to happen when the congress already has control over spending is ridiculous. it doesn't serve any purpose. yes, we should do away with that. still have congress have the ability to block it, if they want to vote to do it, but not incremental increases when they don't serve a purpose. >> okay, henry bloj jet. thanks very much. >> thank you for having me. >> straight ahead, boehner lays down the smackdown on gop-ers who dare to challenge the status quo. later, i go hunting with doug dynasty. i'm so excited for this show. "the cycle" rolls on for tuesday, december 4th. male anno] when a major hospital wanted to provide better employee benefits while balancing the company's bottom line, their very first word was... [ to the tune of "lullaby and good night" ] ♪ af-lac ♪ aflac [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. [ yawning sound ] a new way to save on your prescriptions. it's the aarp medicarerx saver p
what kind of government do we have? the idea you can allow that to happen when the congress already has control over spending is ridiculous. it doesn't serve any purpose. yes, we should do away with that. still have congress have the ability to block it, if they want to vote to do it, but not incremental increases when they don't serve a purpose. >> okay, henry bloj jet. thanks very much. >> thank you for having me. >> straight ahead, boehner lays down the smackdown on gop-ers...
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Dec 7, 2012
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people don't understand that to get spending going in the economy, the government has to buy goods and services. it's not enough to put dollars into people's pockets because a lot of of it gets suspended or used to pay down at the timeette debt. the key thing that would help the most is not putting enough money into public works. clearly, we have a vast, your own state needs at least $50 billion to fix up from the hurricane, and to put into place some things that will prevent future damage. the roads are falling apart the bridges are falling apart there's crying needs. this is a win-win for the economy. >> eliot: this sounds very much like paul krugman has been calling out for this, there are ways to get demand back to where it needs to be to stimulate hiring. the two consequences the deficit hawks said would result is interest rates would go up and inflation would spike. neither has happened. why not? >> that's right. because we still don't have an economy that is operating anywhere close to potential. we have vast unused resources people unemployed who could be working. we could hire
people don't understand that to get spending going in the economy, the government has to buy goods and services. it's not enough to put dollars into people's pockets because a lot of of it gets suspended or used to pay down at the timeette debt. the key thing that would help the most is not putting enough money into public works. clearly, we have a vast, your own state needs at least $50 billion to fix up from the hurricane, and to put into place some things that will prevent future damage. the...
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Dec 6, 2012
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we don't have new money for government to spend on infrastructure. government has to play a role here, but increasingly there's a desire from the private sector from private capital to invest in infrastructure. >> jay, we almost always talk about the developed nations and their economies. when they have problems, when they sneeze, the emerging nations catch the flu, right? they are dealing with the impact of the mistakes or the problems in the developed nations far more, right? >> well, i think that's right, toure. here's the interesting thing about infrastructure. if we do a very serious, large, infrastructure program in the united states over the next couple of years, we do two things. we employ a lot of people and good-paying jobs and near term very low growth. over the median term it helps to protect us and make sure we have the competitive position we need to benefit from the emerging economies in their growth as the emerging middle class in dhichi asia, india and elsewhere comes on stream in 2025. we want to sell into asia. >> all right, jay, t
we don't have new money for government to spend on infrastructure. government has to play a role here, but increasingly there's a desire from the private sector from private capital to invest in infrastructure. >> jay, we almost always talk about the developed nations and their economies. when they have problems, when they sneeze, the emerging nations catch the flu, right? they are dealing with the impact of the mistakes or the problems in the developed nations far more, right? >>...
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Dec 3, 2012
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not government. companies work hard at fighting bacteria simply to protect their brand. competition, that fight for reputation, protects us much better than government ever will. that's our show. i'm john stossel. captioned by closed captioning services inc. >> i'm chris wallace. it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal before we bring in the new year with a round of tax increases for all of us? we will ask the two men at the center of the negotiations where we really stand. for the president, treasury secretary timothy geithner. for the gop house speaker john boehner. geithner and boehner only on fox news sunday. plus, we've seen this movie before. the two parties edging closer and closer to the brink. we will ask our sunday panel whether we will get a happy ending or an economic disaster. and our power player of the week. a young beauty queen has to make a tough choice. all right now on fox news sunday. >>
not government. companies work hard at fighting bacteria simply to protect their brand. competition, that fight for reputation, protects us much better than government ever will. that's our show. i'm john stossel. captioned by closed captioning services inc. >> i'm chris wallace. it's 30 days and counting until we go over the fiscal cliff. >> the president is demanding higher tax rates. congressional republicans want deeper spending cuts and entitlement reform. will they make a deal...
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he cut government spending as a share g.d.p. dramatically and he cut the capital gains tax rate and butt in welfare reform. what do you want from a president that bill clinton did not deliver? he was a great president. >>neil: the investment taxes was that concurrent with what was going on in the income tax hike front? >>guest: no. it was not. the capital gains tax reduction which he dropped the high of the race from 28 percent to 20 percent but what he really did that was amazing, he exempted owner occupied homes from ever paying capital gains taxes again, $250,000 for a couple every two years and $125,000 for an individual every two years which is amazing if you think about it. a huge deal. >>neil: he gave you lemon and your sugar. he didn't just pile on the onerous tax hikes he would balance it out with something appealing that would please wall street which it did, and pleased we republicans, which, next, it did. do you see that here? any of that here? >>guest: no. no, i don't. what i hoped the republicans do is extend all t
he cut government spending as a share g.d.p. dramatically and he cut the capital gains tax rate and butt in welfare reform. what do you want from a president that bill clinton did not deliver? he was a great president. >>neil: the investment taxes was that concurrent with what was going on in the income tax hike front? >>guest: no. it was not. the capital gains tax reduction which he dropped the high of the race from 28 percent to 20 percent but what he really did that was amazing,...
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Dec 5, 2012
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here's the question right now, govern governor. it seems that's a face saver because they say taxes deferred or delayed are taxes avoided. if they say we'll get to defending the rich later. we'll let their taxes go up in january. it seems that's a face-saver even if they say we'll get to it later. >> well, i think what happens, chris, though is think about the issue of leverage -- by the way, no oneç is thinking about what right for the country. let's think about the issue of political leverage. >> oh, you and i are. >> that's right. and alex, too. >> what about me? >> and alex. >> i said you too, alex. president obama has all the leverage because he knows if it goes over the fiscal cliff, tax cuts expires and he'll never let the top 2% get that tax cut reinstated. if they do what you suggested, vote the tax cut, continue it for the 98%, then the leverage switches to them come the time of the debt limit. they might be able to make a deal where they save some of it so it doesn't go up to 39%. maybe goes up to 37.5%. maybe they do
here's the question right now, govern governor. it seems that's a face saver because they say taxes deferred or delayed are taxes avoided. if they say we'll get to defending the rich later. we'll let their taxes go up in january. it seems that's a face-saver even if they say we'll get to it later. >> well, i think what happens, chris, though is think about the issue of leverage -- by the way, no oneç is thinking about what right for the country. let's think about the issue of political...
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. >> eliot: this has been a fascinating education in the rules of governing. >> i'm glad you brought it up. the opportunity actually allowed democracy, small d., to work. >> eliot: this is where the two sides are bumping heads. my suspicion is that the republicans will cave on rates and say ok, we'll give you your tax breaks for the 98% but not vote to raise the debt ceiling try to use that. >> i think the president will insist as part of any agreement that we deem with the debt ceiling. the republicans can allow the tax cuts to proceed and say we're going to work on round two. the american public did not look kindly on the republicans holding the entire economy hostage. the fiscal cliff is bad, but not irretrievable. you can go into january and still put the pieces back together. as you know, defaulting on the debt is irretrievable thing. that's the economic equivalent of a nuclear weapon. that is a big dynamite compared to the fiscal cliff crew having said that, as they get to the year end, i think they'll say we'll vote to extend middle class tax cuts. our leverage is greater beca
. >> eliot: this has been a fascinating education in the rules of governing. >> i'm glad you brought it up. the opportunity actually allowed democracy, small d., to work. >> eliot: this is where the two sides are bumping heads. my suspicion is that the republicans will cave on rates and say ok, we'll give you your tax breaks for the 98% but not vote to raise the debt ceiling try to use that. >> i think the president will insist as part of any agreement that we deem with...
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Dec 5, 2012
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a new gallup poll shows 62% want government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans and democrats haven't seen eye-to-eye on an important issue but the players in this debate seem to be almost allergic to budging even a little bit. republican senator john mccain says it hasn't always been that way and it's time for both sides to sit down together. >> it's time now to sit across the table from one another rather than me saying what i could accept and wouldn't accept, why don't we have the president and our leaders, republican and democrat, sit across the table the way they did with bill clinton, the way they did with ronald reagan, and the way you get things done in washington, rather than saying hey, would you stick with grover norquist or would you not or would you address entitlements or not. i believe it's vital that we address the entitlements, who are the eleph
a new gallup poll shows 62% want government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans and democrats haven't seen eye-to-eye on an important issue but the players in this debate seem to be almost allergic to budging even a little bit. republican senator john mccain says it hasn't always been...
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Dec 7, 2012
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it's to have the federal government recognize her legal marriage. >> right. >> vis-a-vis the internal revenue service. because when her partner of 42 years died, she owed $363,000 in federal estate taxes that she would not have to pay if her spouse had been a man. >> and that's a great point because she was legally married in canada, lived in a state that marriage equality is legal. so we're not asking in this case for them to affirm the marriage. it's just for them to affirm where she is legally married that the federal government has to respect that, rich around. >> yes, that's true. but i think that the big picture we want to emphasize today is that we are at the beginning of the end of this struggle perhaps. >> right. >> and that these cases are perhaps among the most historic that any of these justices will ever decide because they are defining right before our very eyes what it means to be an american, what rights do you have as an american and as you so eloquently said at the introduction to this segment, this is what we are about. in june we are going to hear from the supreme
it's to have the federal government recognize her legal marriage. >> right. >> vis-a-vis the internal revenue service. because when her partner of 42 years died, she owed $363,000 in federal estate taxes that she would not have to pay if her spouse had been a man. >> and that's a great point because she was legally married in canada, lived in a state that marriage equality is legal. so we're not asking in this case for them to affirm the marriage. it's just for them to affirm...
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Nov 29, 2012
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it means more big government and big government is your enemy. this is obviously not the truth. in red states you've got many more people who are dependent on federal programs like medicaid food stamps and every safety net. nonetheless republicans have prevailed in creating a fear among many people who are--in fact, many people in the middle class whose incomes have been stagnant for year that they will be taxed eventually if the rich are taxed now. >> eliot: i think you're right there is a misunderstanding of who bears the burdens and what the consequences are and in states where there is greater dependence and consumption of the goods who would be caught if the republican agenda were implemented. it frustrateing but doesn't solve the problem. the one you started with, the job creators, is the at the the heart of this. you're an economist, is there any connection between tax killing jobs and hurting the economy. >> no, this is widespread among people who don't understand or believe the truth. the reality is this eliot there is no correlation at all between raising taxes on the
it means more big government and big government is your enemy. this is obviously not the truth. in red states you've got many more people who are dependent on federal programs like medicaid food stamps and every safety net. nonetheless republicans have prevailed in creating a fear among many people who are--in fact, many people in the middle class whose incomes have been stagnant for year that they will be taxed eventually if the rich are taxed now. >> eliot: i think you're right there is...
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Nov 30, 2012
11/12
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higher federal government spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following the storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six. >> tom: the roster of companies announcing special one-time paydays for their shareholders continued growing today. taxes on stock dividends are currently set at 15%. but with no deal on the fiscal cliff, dividends will be taxed like regular income, meaning they could go up to over 40% for some high-income households. we spoke with larry mendelson, the chairman and c.e.o. at avionics gear maker heico, which announced its own special dividend this week. larry, thank you for joining us, we appreciate it. what role did the fiscal cliff play in heico decision to paid fiscal dividend
higher federal government spending and stronger u.s. exports also helped. the impact super-storm sandy has had on the job market seems to be dissipating. 23,000 fewer americans filed for first-time unemployment benefits during thanksgiving week compared to a week earlier. the total was 393,000. it had jumped to over 400,000 in the weeks following the storm. still, we saw just modest gains on wall street today-- the dow rose 36 points, the nasdaq was up 20, and the s&p 500 added six....
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democrats are professionals about big korbel government -- porkbarrel government. instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream media has been talking about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely unrelated to the tea party movement. i left there because i had serious concerns about the ethical and moral behavior of the senior leadership. i don't particularly want to discuss that at length. i think you will be resolved. i am consoled by my certain knowledge that time will heal all wounds and this will be all sorted out. but it has nothing to do with with john boehner's misguided sense, his colleagues, all of who were elected as republicans on the republican ticket. or the notion that people have been dreaming about since 2009, that the tea party will dry up. tea party activis
democrats are professionals about big korbel government -- porkbarrel government. instead of the cheap imitation of the republicans trying to be like barack obama. charles: some republicans have done a pretty good job with spending as well. before i let you go, i want to ask about the controversy of freedom works. it is a kind of thing that the mainstream media has been talking about. you let freedom works and a half. give us a little insight into what happened. >> first of all, largely...
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big government is not effective government. big government has never worked. it is easy to sell, but when you put it into practice, it has failed each and every time. the government has never been able to sustain a vibrant middle class. if any people under should know that, it is us. we need to look no further than our own communities to see where the answers are to our challenges like. it starts with strong and stable families. it continues with a civil society filled with people working together to improve their country. with a thriving enterprise economy that creates good paying jobs and can draw upon people with skills to do those jobs, government's role is to support those institutions and those policies that strengthen the family and the community, to implement row-growth policy, the free enterprise economy that termites -- that promotes middle-class jobs. the emergence of a strong, vibrant and growing 21st-century american middle class is the answer to the most pressing challenge we face. think about it -- millions americans with jobs that pay more mean
big government is not effective government. big government has never worked. it is easy to sell, but when you put it into practice, it has failed each and every time. the government has never been able to sustain a vibrant middle class. if any people under should know that, it is us. we need to look no further than our own communities to see where the answers are to our challenges like. it starts with strong and stable families. it continues with a civil society filled with people working...
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Nov 30, 2012
11/12
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the treasury has the money to fund the government up to march of 2013. speculation is building t-mobile may start selling apple iphones next week. a campaign called "fast food forward" is happening in new york. employees are planning walkouts at burger king, kfc and taco bell. they want pay hikes up to $15 per hour and the right to form a union. we are here to serve up some information about the market. tim mulholland of china-america capital joins us now. good morning to you tim. it is the final trading day of the month. what do you anticipate? > > i think more of the same we've been seeing. the market seems to think it has a lot of resilience. we bounced earlier this week off of the 200-day moving average. s&p down around 1382-3 level. we are now near the post-election highs, which, end-of-month buying, typically book-squaring and so forth, typically leads to higher prices, so i would probably expect that, albeit interrupted by headlines regarding the fiscal cliff. > what is your reaction to a lawmaker who wants to put an extra tax on high-speed tradin
the treasury has the money to fund the government up to march of 2013. speculation is building t-mobile may start selling apple iphones next week. a campaign called "fast food forward" is happening in new york. employees are planning walkouts at burger king, kfc and taco bell. they want pay hikes up to $15 per hour and the right to form a union. we are here to serve up some information about the market. tim mulholland of china-america capital joins us now. good morning to you tim. it...
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Dec 6, 2012
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they're feeling so good about the election, they've forgotten they've got a duty to govern. a lot of people are going to suffer -- a lot -- if we go off this cliff. that's why we assumed democrats would have preferred to avoid it. we thought this was the perfect opportunity to do som >> house democratic leaders spoke with reporters in the capital. this is 15 minutes. >> we are back. >> i know that you appreciate that we all have a day job and this is part of it. but we want to make sure that our ranking members that he leaves so effectively to make sure that we get all the members. let's start with you. >> allowing the middle class tax cuts, the debt limit on the table. >> consider that the republicans agree the new income tax will be a victory for the american people. it is becoming more if he does do that. passing the tax cut means the end of holding them hostage. >> i share the leaders view, this ought not to be a bad time. -- about tactics or strategy. it should be aboutthe economy and working americans, 98% pass the bill. they have the assurance that they will not be su
they're feeling so good about the election, they've forgotten they've got a duty to govern. a lot of people are going to suffer -- a lot -- if we go off this cliff. that's why we assumed democrats would have preferred to avoid it. we thought this was the perfect opportunity to do som >> house democratic leaders spoke with reporters in the capital. this is 15 minutes. >> we are back. >> i know that you appreciate that we all have a day job and this is part of it. but we want to...
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Dec 6, 2012
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. >> what does the federal government do? >> the federal government considered pot the same as lsd and heroin. >> same classification of drug. >> heroin. i didn't even know heroin still existed. apparently it still does. and pot does, too. the difference is you can grow heroin in your backyard. you can grow it -- >> grow marijuana you mean. >> i'm sorry, grow marijuana in your backyard. >> i don't know that much about heroin but i don't think that's how it works. >> he wants to grow marijuana. okay. >> let me be clear, i didn't make that mistake because i have been smoking anything, i have not, no. it's farcical. this is a generation al issue and the obama administration is going to have to gibe at some point on its theory of law. i think a couple days the u.s. attorney in washington said the federal law trumps what you guys are going. people are going to say no, enough. and the obama administration just started ramping up prosecutions of this. this is unusual for me. >> yeah. do you agree, goldie? >> i do, except heroin is m
. >> what does the federal government do? >> the federal government considered pot the same as lsd and heroin. >> same classification of drug. >> heroin. i didn't even know heroin still existed. apparently it still does. and pot does, too. the difference is you can grow heroin in your backyard. you can grow it -- >> grow marijuana you mean. >> i'm sorry, grow marijuana in your backyard. >> i don't know that much about heroin but i don't think that's how...
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the government strategy of the nonconfrontation with opponents have been working. that is put to the test on tuesday when they plan to march to enemy territory. >> the protesters plan to march toward the presidential palace tomorrow where they could clash with morsi supporters. can'tly what the government has been trying to avoid. >> steve harrigan live in cairo. thank you. the royal family is about to get bigger. palace officials say prince william and wife kate are expecting their first child. the dutchs of cambridge is in the hospital tonight in what is described as a severe case of morning sickness. the child would be third in line for the throne behind the father and grandfather prince charles. president obama and the first lady officially extended their congratulations today. >> pope benedict will tweet from his personal account a beak from tomorrow. the vatican says he will tweet in eight languages starting the 12. right now the pope has more than a quarter million followers on twitter. just in english. judges who live in class houses should not throw stones
the government strategy of the nonconfrontation with opponents have been working. that is put to the test on tuesday when they plan to march to enemy territory. >> the protesters plan to march toward the presidential palace tomorrow where they could clash with morsi supporters. can'tly what the government has been trying to avoid. >> steve harrigan live in cairo. thank you. the royal family is about to get bigger. palace officials say prince william and wife kate are expecting their...
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the purpose of government is. i believe barack obama is on the right track to teach the people that this is what the role of government should be, for the people. not the corporate interests. one other thing. matt asked about c-span? i want to say unfortunately i have been disabled. i am a disabled veteran. i have been not able to work since the end of 1997. the one benefit i have had to have this opinion is i have been able to watch c-span and "washington journal" almost daily. very much rned so muc that i have never learned in undergraduate hours, law school, or high school. i have learned more about history, government, the true history of this country. not what we have been spoonfed in high school. or in critical about the pleasant stories where we were happy with smiles on their face. where we have come from and how far we have come and how far we can go in terms of really being that bright and shining lfght for other countries to follow by example. host: is that it? caller: please, please, is there some way
the purpose of government is. i believe barack obama is on the right track to teach the people that this is what the role of government should be, for the people. not the corporate interests. one other thing. matt asked about c-span? i want to say unfortunately i have been disabled. i am a disabled veteran. i have been not able to work since the end of 1997. the one benefit i have had to have this opinion is i have been able to watch c-span and "washington journal" almost daily. very...
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Dec 4, 2012
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government is going to default on its debt and stop paying interest on its bond. even if it did things are so bad throughout thest the rest of the world it would not cause people to dump our treasury securities. i don't think there is that much continuing that could be done even if we go down that road again. >> eliot: they have no place else to put their money. are they going to buy greek debt and declare a default? john boehner used that card. it failed, he got egg on his face and we were downgraded. all the negative things that people said would happen didn't happen and in fact just the opposite. but my advise advice would be to put your seat belt and this this is one of these budgie jump moments you just ride it: brian let me come back to you. the difference where the white house is and john boehner is not that great in the context of a ten-year time frame. what are we fighting over? >> we're fighting over where to take that money from and when to do it. everything specific comes up out of medicare and social security eligible seniors. the white house takes th
government is going to default on its debt and stop paying interest on its bond. even if it did things are so bad throughout thest the rest of the world it would not cause people to dump our treasury securities. i don't think there is that much continuing that could be done even if we go down that road again. >> eliot: they have no place else to put their money. are they going to buy greek debt and declare a default? john boehner used that card. it failed, he got egg on his face and we...
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we need to limb the size of government. if you truly believe these things, then you say it's not just about imposing damage on the middle class, the poor who rely on social safety net programs. you have to say the rich have to have some skin in the game. >> hang on one second. >> and they do, they do. >> hang on, hang on. >> and it in terms of tax rates in this country. >> hold on. one sec. i want to ask juan a question. why won't the president negotiate all of this at the same time in because the president is saying give me what i want and then maybe next year we'll talk about what you want and we all know that's not going to happen. >> i don't think that's true. >> very true. >> from what i understand in washington, the president is saying what is critical is that republicans have to stop being inflection i believe by protecting the top two percent and sacrificing the rest of us. and if they do something about taxes on the very rich we can then talk about what spending cuts will be put in place. >> david. >> it's not fair
we need to limb the size of government. if you truly believe these things, then you say it's not just about imposing damage on the middle class, the poor who rely on social safety net programs. you have to say the rich have to have some skin in the game. >> hang on one second. >> and they do, they do. >> hang on, hang on. >> and it in terms of tax rates in this country. >> hold on. one sec. i want to ask juan a question. why won't the president negotiate all of...
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government terminated assistance to the government of mali. however our efforts to address the food and medical needs of the people of mali continue. in determines what programs can move forward, we consider whether they provide essential life-saving assistance, whether they support children, strengthen food security or advance u.s. foreign policy. we also consider operational issues including efficient management and oversight. this case by case analysis ensures that there is careful consideration of the context surrounding a proposed activity. before the coup, usaid was the largest donor supporting leches in mali. programs trained poll workers and improved elections monitoring systems, strengthened political parties and provided voter education. when the electoral support activities resumed, providing the consent of congress, it will help support free an fair elections in mali and a peaceful political exit from the current situation. a key issue will be ensuring the inclusion and participation of the internally displaced personals and refuge
government terminated assistance to the government of mali. however our efforts to address the food and medical needs of the people of mali continue. in determines what programs can move forward, we consider whether they provide essential life-saving assistance, whether they support children, strengthen food security or advance u.s. foreign policy. we also consider operational issues including efficient management and oversight. this case by case analysis ensures that there is careful...
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Dec 4, 2012
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casino stocks also under pressure on worries that the chinese government is increasing scrutiny over some of the macao casinos. oracle declared an accelerated second, third and fourth quarter dividend totaling 18 cents per share of outstanding common stock. this announcement comes ahead of a folks dividend tax increase next year. back to you. >> seem marks thank you. power run down time. joining us, cnbc's kayla tausche, john carney. start with a new study finding high-frequency stragd hurting traditional largely retail investors taking away profits. another sign this is a threat to investors. kayla, should we be surprised that the pros are lunching once again? >> talked about this so much, tyler. what i found interesting about this study, it tried to quantify the advantage, saying in the future's market, high-frequency trade hearse tradeers had a $5 contract. i'm worried about the volatility overall. >> a sign of something nefarious going on or the stupid of retail investors try go into this game? >> it doesn't measure the benefit bus the looks at the cost. there is a lot more lick
casino stocks also under pressure on worries that the chinese government is increasing scrutiny over some of the macao casinos. oracle declared an accelerated second, third and fourth quarter dividend totaling 18 cents per share of outstanding common stock. this announcement comes ahead of a folks dividend tax increase next year. back to you. >> seem marks thank you. power run down time. joining us, cnbc's kayla tausche, john carney. start with a new study finding high-frequency stragd...